Title
a. Approve and Authorize the Contracts and Purchasing Officer to sign an Agreement with Metropolitan Life Insurance Company (MetLife) for Administration of the County employees' life and accidental death and dismemberment insurance program with the initial agreement term commencing with the signing of the agreement through December 31, 2016 including the option to extend the Agreement for up to two (2) additional one (1) year periods (see Attachment A). The rate of $0.163 per $1,000 of coverage (unit) will be guaranteed for 36 months with conditional rate guarantees for the 1st and 2nd renewals; and,
b. Authorize the Contracts and Purchasing Officer to sign future Amendments to the Agreement where the Amendments do not significantly change the scope of work or cause an increase in the Agreement rates amounting to a total of more than ten percent (10%) of the aggregate total of the contract.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and Authorize the Contracts and Purchasing Officer to sign an Agreement with Metropolitan Life Insurance Company (MetLife) for Administration of the County employees' life and accidental death and dismemberment insurance program with the initial agreement term commencing with the signing of the agreement through December 31, 2016 including the option to extend the Agreement for up to two (2) additional one (1) year periods (see Attachment A). The rate of $0.163 per $1,000 of coverage (unit) will be guaranteed for 36 months with conditional rate guarantees for the 1st and 2nd renewals; and,
b. Authorize the Contracts and Purchasing Officer to sign future Amendments to the Agreement where the Amendments do not significantly change the scope of work or cause an increase in the Agreement rates amounting to a total of more than ten percent (10%) of the aggregate total of the contract.
SUMMARY/DISCUSSION:
MetLife is the current provider of life and accidental death and d...
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